FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.850

+4.7%

Nov 28 9:30 AM EST

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To: Jamey who wrote (255)	10/26/1996 9:58:00 PM
From: Stephen B. Temple	of 41046

You need to go back and reread the release. It states that FNET is raising Capital for FINAL........development of Internet Voice, Fax, and other applications...... This money as stated is not for the Bridge Financing...... But CAPITAL NEEDED FOR "FINAL" DEVELOPMENT. So take it at face value....the FNET Financing is a done deal. Thats the way it reads to me. I may be wrong, but with Voice,Fax alone, this must be very costly to speed up the process to meet all the needs of opening up the telephony in the major markets for FNET. This is very positive news, and a very good sign for shareholders. I believe we will be very pleased this next week with the news released in regards to contracts and FNET news. It will be interesting to see how the street reads into this latest news release. I would guess that is why Frank put a capital FINAL before the words development and it does not say anything about Financing. I really enjoyed the last para. "to complete TELEPHONE TO TELEPHONE OVER THE INTERNET.......WOW!!!!!!!!!!!! DONT WORRY, BE HAPPY :)

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